Majid Al Futtaim (MAF) Holding, the retail conglomerate behind Carrefour in the Middle East, has appointed four banks to manage its first Islamic bond issuance programme, worth $1 billion (Dh3.67bn).
The privately-held company, which also owns and runs huge malls such as Mall of the Emirates, has chosen Dubai Islamic Bank, Abu Dhabi Islamic Bank, HSBC and Standard Chartered to set up its first programme.............................................Full Article: Source